Diligent Investors LLC Reduces Stock Holdings in Honeywell International Inc. $HON

Diligent Investors LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 10.5% during the second quarter, Holdings Channel reports. The firm owned 1,870 shares of the conglomerate’s stock after selling 220 shares during the period. Diligent Investors LLC’s holdings in Honeywell International were worth $435,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. LGT Fund Management Co Ltd. grew its position in shares of Honeywell International by 229.5% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 8,669 shares of the conglomerate’s stock valued at $2,019,000 after buying an additional 6,038 shares during the last quarter. NTV Asset Management LLC boosted its stake in Honeywell International by 590.8% in the second quarter. NTV Asset Management LLC now owns 24,593 shares of the conglomerate’s stock valued at $5,727,000 after acquiring an additional 21,033 shares in the last quarter. 111 Capital grew its holdings in shares of Honeywell International by 9.3% during the second quarter. 111 Capital now owns 15,515 shares of the conglomerate’s stock worth $3,613,000 after purchasing an additional 1,317 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Honeywell International by 25.3% during the second quarter. QRG Capital Management Inc. now owns 93,852 shares of the conglomerate’s stock worth $21,856,000 after purchasing an additional 18,936 shares during the last quarter. Finally, Wallington Asset Management LLC increased its position in shares of Honeywell International by 2.0% during the second quarter. Wallington Asset Management LLC now owns 86,847 shares of the conglomerate’s stock worth $20,225,000 after purchasing an additional 1,676 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock opened at $209.05 on Friday. The company has a market cap of $132.73 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The business has a fifty day moving average of $215.63 and a two-hundred day moving average of $217.40. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter last year, the business earned $2.49 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s payout ratio is presently 51.42%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HON shares. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Saturday, September 27th. Royal Bank Of Canada decreased their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $254.79.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.